Fox, Jeremy T.; Bajari, Patrick - In: American Economic Journal: Microeconomics 5 (2013) 1, pp. 100-146
We propose a method to structurally estimate the deterministic component of bidder valuations in FCC spectrum auctions, and apply it to the 1995-1996 C block auction. We base estimation on a pairwise stability condition: two bidders cannot exchange two licenses in a way that increases the sum of...